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Economy

CDA Economic U-Turn from Loss into profit: PM Imran Khan praises ‘near bankrupt CDA’

“It’s time for the government to transform Islamabad into a model city.”

Prime Minister Imran Khan did not hesitate to shower compliments at the Capital Development Authority (CDA) on Friday, saying that it had come a long way after nearly being bankrupt when the PTI-led government took over the reins of the country.

“Our economic turnaround & success of our construction policy showing results in diff sectors. Pak is changing.”

Said PM Khan in a tweet message.

The prime minister said that in 2007, the CDA was nearly bankrupt and had posted a deficit of Rs5.8bn, where it had now recorded a surplus of Rs73bn and already has Rs26bn in its accounts.

PM Khan said it was time for the government to transform Islamabad into a model city, with priority on reform and restructure.

“Other megacities can also become self-sustaining economic engines of growth through commitment, transparency & innovation.”

He added.

PM Khan also posted a graph showing the CDA’s transformation over the years and concluded the thread on Twitter.

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